Puerto Rican Association For Human Development Incorporated

About Puerto Rican Association For Human Development Incorporated

Puerto Rican Association For Human Development Incorporated (EIN: 222026610) is a nonprofit organization based in Perth Amboy, NJ, classified under NTEE code P84Z. The organization reported total revenue of $5.2M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Puerto Rican Association For Human Development Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Puerto Rican Association For Human Development Incorporated with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 80%
• fundraising: 10%

According to IRS 990 filings, Puerto Rican Association For Human Development Incorporated allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The provided data consistently reports 0% compensation for the highest-paid employees across all years, which is highly unusual and suggests either pro-bono leadership or a reporting anomaly that requires clarification beyond the provided summary.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Puerto Rican Association For Human Development Incorporated's IRS 990 filings:

• Consistent 0% compensation reported for highest-paid employees across all years (2016-2023) is a significant red flag, suggesting potential misreporting or an unusual operational model.
• The provided data lacks granular detail on administrative and fundraising expenses, making it difficult to fully assess efficiency without reviewing full IRS Form 990s.

Strengths

The following positive indicators were identified for Puerto Rican Association For Human Development Incorporated:

• The organization consistently generates revenue, with total revenue reaching $4,229,533 in 2023.
• Total assets have shown growth, increasing from $941,427 in 2019 to $2,642,854 in 2023, indicating financial stability and growth.
• The organization has maintained positive net assets (assets minus liabilities) over the years, demonstrating financial health.

Frequently Asked Questions about Puerto Rican Association For Human Development Incorporated

Filing History

IRS 990 filing history for Puerto Rican Association For Human Development Incorporated showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Puerto Rican Association For Human Development Incorporated's revenue has grown by 47.5%, moving from $2.9M to $4.2M. Total assets increased by 160.3% over the same period, from $1.0M to $2.6M. Total functional expenses rose by 44.2%, from $2.8M to $4.1M. In its most recent filing year (2023), Puerto Rican Association For Human Development Incorporated reported a surplus of $121K, with revenue exceeding expenses. The organization holds $654K in liabilities against $2.6M in assets (debt-to-asset ratio: 24.7%), resulting in net assets of $2.0M.

Year-by-Year Financial Summary

• 2023: Revenue of $4.2M, expenses of $4.1M, and assets of $2.6M (revenue +9.2% year-over-year).
• 2022: Revenue of $3.9M, expenses of $3.5M, and assets of $2.4M (revenue +4.1% year-over-year).
• 2021: Revenue of $3.7M, expenses of $2.9M, and assets of $2.1M (revenue +40.4% year-over-year).
• 2020: Revenue of $2.7M, expenses of $2.6M, and assets of $1.4M (revenue -24.0% year-over-year).
• 2019: Revenue of $3.5M, expenses of $3.0M, and assets of $941K (revenue +21.1% year-over-year).
• 2018: Revenue of $2.9M, expenses of $3.1M, and assets of $996K (revenue +8.1% year-over-year).
• 2017: Revenue of $2.7M, expenses of $2.9M, and assets of $853K (revenue -8.1% year-over-year).
• 2016: Revenue of $2.9M, expenses of $2.8M, and assets of $1.1M (revenue +20.4% year-over-year).
• 2015: Revenue of $2.4M, expenses of $2.7M, and assets of $2.5M (revenue -9.5% year-over-year).
• 2014: Revenue of $2.7M, expenses of $3.0M, and assets of $2.7M (revenue -7.5% year-over-year).
• 2013: Revenue of $2.9M, expenses of $2.7M, and assets of $3.1M (revenue +4.1% year-over-year).
• 2012: Revenue of $2.8M, expenses of $2.8M, and assets of $2.4M (revenue -3.5% year-over-year).
• 2011: Revenue of $2.9M, expenses of $2.8M, and assets of $1.0M.

Data Sources and Methodology

This transparency report for Puerto Rican Association For Human Development Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.